Companies law

1. Title of the Case: ABBOTT LABORATORIES: DRUG PRICING CHUTZPAH 2. Statement of the Problem: * Is the increase of the anti-AIDS drug Norvir by Abbott justifiable? 3. Statement of Relevant Facts from the Case i. The company (Abbott) raised its anti-AIDS drug Norvir by 400 percent unless the product is used in conjunction with other Abbott products where there will be no price increase. ii. Norvir is generally too toxic for safe use as a protease inhibitor however works

its creation in 2010, Salvos Law has conducted over 11,000 pro bono cases in Australia. Salvos Law is a firm under the ABS structure and is apart of Salvation Army and is comprised of a commercial law firm and a pro bono firm. The number of pro bono case taken on by Salvos Law is significantly greater than the amount of pro bono cases conducted by most firms in Canada and it’s success is attributed to its ability of Salvation Army to have unlimited ownership of the law firm. In British Colombia, Pivot

following: benefits payouts, costs of administrative-processing amongst others. On the other hand indirect costs include law cases from affected employees, loss of productivity by employees’ low morale for survivors of downsizing and others. Griffin, (2002) opines that, there are many alternatives of downsizing the employees in the organization. There are other ways of cutting the

The Bannerman clause sets out to protect the auditors, intern one looks to see how this clause erodes the professional image of the accounting profession, while limiting the audit report to addresses. The Bannerman clause is a direct consequence of the court case between Royal Bank of Scotland (RBS) and Bannerman Johnstone Maclay and Others (The Royal Bank of Scotland v Bannerman Johnstone Maclay and Others, [2002]). The firm APC LTD employed Bannerman as an auditor; Bannerman audited APC’s financials

ALLOTMENT OF SHARES Allotment of shares refers to the activity of a company with respect to allotting its shares to those who have applied to buy the company’s shares after the issue of its prospectus. In other words, the issue of the company’s shares on the basis of the applications received by it is called the allotment of shares. DEFINITIONS:- According to Palmer, “Allotment means appropriation to an applicant by a resolution of the directors a certain number of shares in response to an application

Introduction A company in itself is an entity. It can operate independently but only through individuals who serve as agents of the company. This individual, the director, has been described by legal scholars as one of the most visible and important persons within the company because he/she serves as the face of the company. With this much responsibility to the company in one person’s hands, the legal powers available to directors have come to question. In the first reported case of its kind, Lord

stock market boom, changing company practices, CEO benefits, and specific company examples. Public companies are any company that has stock available to the public to buy. A company that wishes to set up a new business or expand its existing business can raise the capital it requires either by borrowing money or by issuing shares to investors. The

meet at all times. The three key elements in financial management in simple terms may be put as a three step continuous process involving financial planning, financial control and financial decision-making. In this post, we will discuss the types of company ownerships, the objectives and the derivatives.  Overview of Financial Management and Financial Environment Financial Management is concerned with achieving the overall goals of the business firm by acquiring, financing and controlling the assets

The veil of incorporation state the company is a separate legal entity from its members such as shareholders, directors and employees. (Lawyr.it, 2014) Separate legal entity defines a company can employ its own members, limited liability and ability to hold property in its name. Normally, the courts would not look behind the veil of incorporation because it is separate legal entity. The courts agree to lift the veil of incorporation where ‘justice of the case demands’ or if the veil has been misused

prevailing rule for corporations for more than a century. It creates incentives for excessive risk-taking by allowing companies to avoid the full costs of their activities. Strict application of this rule in all cases would lead to inflexibility and injustice, particularly in tort cases. Therefore, as suggested by Stephen Griffin—“in the interests of justice and to prevent subsidiary companies being used as convenient risk takers for their parent…the [corporate] veil must not become immovable.”[1] On the